4. What is meant by 'the new economy'? Identify some of the advantages and disadvantages of the new economy. Use Examples.

Speed. Connectivity. Intangibility. These concepts form the powerful trinity which is redefining both the social and the economicalal landscape of the twentieth century (Davis, S., C. Meyer. 1998, 5). Underlying this economic revolution is the increase importance being placed on study and parley Technologies (ICT), which the Wall Street Journal declared ?is changing everything about the providence? (Togati, T. 2006, 1). In describing these changes a grand fib has emerged, a fashionable ?buzz? term that has become an instant, inescapable clique- the bare-ass prudence (Rifkin, J. 2000, 4). The forward-looking Economy however does not assume a tight definition and versions differ in ad hoc predictions and possible implications. Depending on the narrator, ?invocations can take the strain of a utopian vision of innovative social and economic forms, or a dystopia view of inclusion and exclusion with fresh air division divisions and power redistributions between groups, re gions and nations? (Lofgren, O., R. Willim. 2006, 1). As the New Economy ikon is not articulated clearly by a one idea or author, to hypothesize its implications, any word of applaud must begin with a clear and precise interpretation of what is really meant by the New Economy.

This essay will hash out the New Economy vision in impairment of Speed, Connectivity and Intangibility- tether underlying features with which all writers identify:Kevin Stiroh (1999) Vice death chair and precede Banking Studies Function Federal Reserve Bank of New York views ? globalisation and computerization (to be) powerful forces that are reshaping the modern economy in a way that ! is fundamentally different from ahead industrial periods.?The Organisation for Economic Cooperation and Development (OECD) (2000) identifies Speed as a key dimension. Since everything is connected and transmitted faster referable to the advancements in technology, communication is instantaneous; the medium has transformed our smack of time. The upstart economy is being shaped not but by... If you sine qua non to get a full essay, order it on our website: OrderCustomPaper.com

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